Brazilian Biomes, BNDES and FGV: GHG Reduction Calculation Tools

According to Gustavo Montezano (BNDES) and Eduardo Bastos (MyCarbon) in the webinar “Regulation and infrastructure in the carbon market” organized yesterday, October 24, 2022 by Levy & Salomão Advogados, there are already livestock production techniques that allow to neutralize and even “ sequester” carbon, a situation in which an activity takes more carbon out of the atmosphere than it emits.

In this context, a few days ago, BNDES and MAPA selected the consortium led by Fundação Getúlio Vargas (FGV) to carry out studies for the “Low Carbon Livestock” initiative.

Focusing on meat and milk production in Brazil, the study will have two main products:

1. Development of a (new) product life cycle analysis calculator, with a method for measuring and certifying carbon emissions from inputs in agricultural production to industrial processing. “By biome,” Montezano added at yesterday's event.

2. Indication of incentive mechanisms that encourage investments in reducing emissions, both in the agricultural stage and in the industrialization of beef and milk.
   

In other words, to give transparency to possible competitive advantages, in a consumer world that is increasingly critical of greenhouse gas (GHG) emissions. Montezano even mentioned the need for a Brazilian tool. In fact, we exemplify with this one developed by a group from the United States.

Note that the BNDES already had a tool - involving the Centro de Estudos em Sustentabilidade da FGV São Paulo (GVces), the British Embassy in Brazil, the Latin America Regional Climate Initiative (LARCI) - to calculate the reduction in GHG emissions linked to projects financed by them. Click here to view and download the manual and tool. And - while we wait for news - pass on the message: "We share the tool on this page for consultation and use by other financial institutions interested in measuring the reduction of GHG emissions in the projects they support".

Below is the October 5, 2022 press release on the “Low Carbon Livestock” initiative.